Aethlon Medical Stock Forecast
A very red day for Aethlon Medical stock price after a -5.76% fall in the Monday trading session
(Updated on May 06, 2024)
The Aethlon Medical stock price fell by -5.76% on the last day (Monday, 6th May 2024) from $1.39 to $1.31. During the last trading day the stock fluctuated 9.16% from a day low at $1.31 to a day high of $1.43. The price has risen in 6 of the last 10 days but is still down by -11.49% for this period. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately $19.92 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.30 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.22% during the next 3 months and, with a 90% probability hold a price between $1.07 and $1.32 at the end of this 3-month period.
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AEMD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aethlon Medical stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.36 and $1.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -5.76%. Further fall is indicated until a new bottom pivot has been found. Aethlon Medical gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aethlon Medical stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.120 between high and low, or 9.16%. For the last week, the stock has had daily average volatility of 5.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEMD) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Aethlon Medical to open at $1.35, and during the day (based on 14 day Average True Range), to move between $1.23 and $1.39, which gives a possible trading interval of +/-$0.0778 (+/-5.94%) up or down from last closing price. If Aethlon Medical takes out the full calculated possible swing range there will be an estimated 11.88% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.36, some $0.0500 (3.82%) from the current price of $1.31, our system finds the risk reward not very attractive.
Is Aethlon Medical stock A Buy?
Aethlon Medical holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.790 Strong Sell Candidate Downgraded
Predicted Opening Price for Aethlon Medical of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $1.35 ( 3.05%) | $1.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEMD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.47 | 12.21 % | |
| R2 | 1.42 | 8.71 % | ||
| R1 | 1.40 | 6.55 % | ||
| Current price: | 1.31 | |||
| Support | S1 | 1.30 | -0.446 % | |
| S2 | 1.28 | -2.61 % | ||
| S3 | 1.23 | -6.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 15.41 % | |
| R2 | 1.46 | 11.45 % | ||
| R1 | 1.36 | 3.82 % | ||
| Current price | 1.31 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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